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Mortgage Market Update
Megan Bissell
Edge Home Finance
Tuesday, October 20, 2026
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Refinancing: still worth it? |
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Some weeks the right move is obvious. This week I want to talk about one that people often overthink.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Refinancing Strategy
When it makes sense to lock in today
A lot of homeowners sit on the sideline waiting for the perfect moment to refinance—and sometimes that moment passes them by. The truth is, refinancing isn't really about timing the absolute lowest rate. It's about whether the numbers work for your situation right now. If your current loan is costing you more than a new one would, and you plan to stay in your home long enough to recoup the costs, it's often worth a conversation. Every borrower's math is different, which is why I always recommend getting a clear picture of what your actual monthly savings would be, not just guessing. There's no rush, but there's also no reason to leave money on the table if refinancing genuinely improves your position. Let me run the numbers for you—it takes about fifteen minutes and costs nothing.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Megan Bissell team any time and we'll walk you through your options. |
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